Monday November 24, 2014 Search
Weather | Athens
14o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece expects to OK bids for gas and oil exploration by mid-2015

Greece is expecting to accept bids for permits to explore for hydrocarbons in the Ionian Sea and south of Crete in the middle of next year, Environment Ministry sources told the Athens-Macedonian News Agency on Monday.

They said that bids regarding 20 blocks would be accepted in March and then reviewed over a three-month period.

More than 10 international petroleum companies have expressed interest in the Ionian Sea and south of Crete, which is better than we expected, Environment Minister Yiannis Maniatis told Bloomberg last month.

We now know for sure that there are hydrocarbons in Greece and that exploring for them makes economic sense.

Maniatis was in London last week to discuss opportunities with companies that may be interested in investing in oil and gas exploration in Greece. He offered them tax breaks for their investments.

Under the plan, oil and gas explorers will pay 25 percent tax, down from 40 percent currently, and 5 percent of the tax will go to local communities.

ekathimerini.com , Monday Jul 7, 2014 (14:43)  
EU said to plan 21 billion-euro risk-sharing fund for investment
Countdown to missed opportunity for EU economy
Athens deserves slack from creditors
Transfer tax to be based on actual property cost, not objective value
Biden informs Anastasiades about content of talks with Erdogan
US Vice President Joe Biden has spoken to Cypriot President Nicos Anastasiades to brief him on his talks with Turkish leader Recep Tayyip Erdogan, it was revealed on Monday. In a statement C...
Scientists expand excavation of ancient Amphipolis
Scientists have opened the second phase of their excavation of the vast 4th-century BC burial mound in Amphipolis town in search of more tombs and bodies. The first search of the site, which...
Inside News
BASKETBALL
Olympiakos ends PAOKs unbeaten run in Basket League
Olympiakos put an end to PAOKs unbeaten run in the Basket League with an emphatic win at the Peace and Friendship Stadium, leaving Panathinaikos as the only team with a perfect record so fa...
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japans image and economy following the triple blow of the earthquake, tsunami and nuc...
Inside Sports
COMMENTARY
Extremism from a bygone era
There are times when we seem to be overcome by self-destructive madness. I hear various commentators and politicians speaking in extreme terms of a junta, of defections, gallows, collaborato...
EDITORIAL
No call for more games
Psychological warfare has been a part of the negotiations between the troika and Athens from the very start of the crisis. But the situation is much different now and troika decision-makers ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Biden informs Anastasiades about content of talks with Erdogan
2. Scientists expand excavation of ancient Amphipolis
3. EU said to plan 21 billion-euro risk-sharing fund for investment
4. Countdown to missed opportunity for EU economy
5. Olympiakos ends PAOKs unbeaten run in Basket League
6. Athens deserves slack from creditors
more news
Today
This Week
1. Countdown to missed opportunity for EU economy
2. Scientists expand excavation of ancient Amphipolis
3. EU said to plan 21 billion-euro risk-sharing fund for investment
4. Biden informs Anastasiades about content of talks with Erdogan
5. Extremism from a bygone era
6. No call for more games
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Anti-junta uprising anniversary to be marked amid tight security
4. Every age has its collaborators
5. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
6. Give Greece a chance
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.